Treasury Fines Bank of America $1.2 Billion Over Anti-Money Laundering and Sanctions Violations
It is the third-largest penalty in Treasury history. The bank also settled with OFAC for $11.6 million.
money laundering
Read More
TD Bank Pleads Guilty to Money Laundering and Bank Secrecy Act Violations, Faces $1.8 Billion in Penalties
In a landmark case, TD Bank N.A. (TDBNA), one of the largest banks in the U.S., along with its parent company TD Bank US Holding Company (TDBUSH), pleaded guilty to charges related to violations of the Bank Secrecy Act (BSA) and money laundering, culminating in over $1.8 billion in penalties. The guilty plea marks the…
Criminal Charges Filed Against Phoenix Motel Associates Following Early Morning Raid
Authorities have filed criminal charges against several individuals connected to a Phoenix motel after a significant raid conducted early Tuesday morning. U.S. Attorney for the District of Arizona, Gary M. Restaino, announced that a press conference will take place later in the day, where he will be joined by representatives from the FBI and the…